Aberdeen has made a £112 million bid to buy US-based Artio Global Investors as well as a £17.5 million all cash offer to take a majority stake in private equity firm SVG Adviser.

Aberdeen said Artio, which has cash and investments worth £87 million and manages around £9.2 billion of assets for clients, will enhance its existing fixed income business in North America and expand its distribution network in the region.

The offer price is $2.75 (£1.77) per share, valuing Artio at $175 million (£112.6 million) and offering a premium to Artio shareholders of 34.1 per cent on the closing price on Tuesday.

The deal, which is subject to regulatory and shareholder approval, is expected to conclude in the third quarter of 2013.

Aberdeen said Artio's Global High Yield and High Grade teams will transfer over if the deal is approved.

Aberdeen has also announced today it is building a majority stake – 50.1 per cent – in private equity firm SVG Advisers, a subsidiary of FTSE250-listed SVG Capital, in a £17.5 million cash deal.

Martin Gilbert, Aberdeen's chief executive, said: "This transaction is in line with Aberdeen's strategy of undertaking infill acquisitions that will assist with growing our business organically.

“It will be of benefit to our North American business, a region we view as a key growth market for Aberdeen.

“The integration of Artio's operations will strengthen further our US fixed income expertise, in particular the addition of US total return and global high yield products, and will help to broaden and deepen our distribution network in the US.”